Sorry it’s not a perfect graphic, but what I see is a downward trend overall, and for this house in my hood a dogleg down.
I bought nearly 10 years ago, I owe 220k, the house is worth *maybe* 190k at best and that doesn’t include commission fees. So realistically I’m down a good 45k.
I had a tough time getting it rented even though the house was in pristine condition; and then only after 2 months the tenants (IMO) burnt up my furnace to the tune of 2k.
Yah, it’s starting to sound like a Greek Tragedy I know.
If I can’t get a loan mod, I’m done.
It ain’t coming back.
So yah, from my perspective things ain’t all that great.
